CDP Background Paper No. 14
By the Secretariat of the Committee for Development Policy
This report makes some preliminary suggestions for actions to be taken by the international development community and the graduating countries to strengthen the process of preparing for graduation from the least developed country (LDC) category. The report also offers concrete proposals for addressing in a systematic manner, the current concerns among LDCs about the ad-hoc nature of the extension and phasing out of measures provided by certain development and trading partners.
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This paper reviews conflict as one of potential factors that could be incorporated in the identification of least developed countries (LDCs). It is not clear whether conflict can be considered as a structurally predetermined handicap as those identified in LDC criteria. More importantly, even if countries may be caught in a conflict trap, adding conflict indicators to the LDC criteria does not provide additional insights to enhance our understanding of the category. And adding conflict indicators is unlikely to introduce changes in country classification. Many of the factors associated with conflict are already incorporated in the indicators used to identify LDCs, and, therefore, the…
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Structural economic vulnerability is a major obstacle for the development of LDCs. The paper discusses the conceptual, methodological and empirical issues related to the economic vulnerability index (EVI) developed and used by the Committee for Development Policy (CDP) in the identification of LDCs. It also addresses the relation between physical and economic vulnerability to climate change as well as the role of the EVI in allocating official development aid and as tool for development research.
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The present paper reviews policy efforts to advance growth and development in the least developed countries, in particular those efforts aimed at promoting well-being by reducing vulnerability to economic shocks. The paper draws on empirical research analysing the relationships between economic vulnerability, growth and policy. Given that domestic policy efforts are weakened by the shocks that characterize vulnerability, the international community has an important role to play in countries.
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This paper examines innovative approaches to domestic resource mobilization in selected Least Developed Countries. It covers various aspects of domestic resource mobilization with focus on the linkages to poverty reduction and growth. The areas addressed in this paper include: financial sector reform policies for growth and poverty reduction, Microfinancing, taxation for growth and poverty reduction, management of domestic debt, government spending targeted to crowd in private savings and investment (including public-private partnerships), and mobilization of private capita, including reversal of capital flight and more innovative and active participation in the international trade.
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The aim of this paper is to summarize for discussion purposes arguments related to the debt crisis of poor developing countries and the attempts to cope with it through the HIPC Initiative.
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This is a report on resource mobilization for poverty eradication in the least developed countries. The first part of the report provides an overview of the current challenges faced by the LDCs in reducing the high rates of widespread poverty. The second part discusses innovative approaches to domestic resource mobilization in LDCs, and addresses how domestic resource mobilization can be managed more innovatively and with greater effectiveness. The third part examines new approaches to debt relief and debt sustainability. It provides a brief overview of the debt situation in LDCs, and examines the need for innovate ideas to reduce foreign debt. The last section discusses specific measures…
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